Florida's Orlando Health Profits Increase 12% in First Half of FY 2010

Orlando (Fla.) Health's total profits increased in the first six months of fiscal year 2010 from $67.9 million to $76.2 million, representing 12 percent growth, according to an Orlando Business Journal news report.

According to the news report, the increase in profits can be attributed to big returns on investment. However, the hospital's revenue in the first six months was down $3.3 million due to decreases in patient admissions, increased observation case load and increased Medicaid patients, according to the news report. Expenses also increased by $7.4 million.

Read the news report about Orlando Health's financial results.

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